Head of Middle Office

OverviewCIC London, part of the Crédit Mutuel Group, is a highly reputable financial institution and one of Europe’s largest and most well-rated banking groups. Established in 1895, it has over 125 years of history and expertise, providing reliable financial solutions through all economic climates. CIC London specialises in a range of services, including Acquisition Finance, Corporate Finance, Project Finance, Private Debt Solutions, and Asset-Based Lending. The organisation serves businesses across the UK and Europe, offering a trusted and comprehensive approach to financial support.1. OVERALL JOB OBJECTIVESCertified role under the SMCR holding the Middle-Office key functionManage, and be responsible for, the Branch’s Middle-Office functionsEnsure continuous and consistent coverage for all of the Branch’s Middle-Office functionsEnsure timely delivery of ESG assessments and other related contributionsEnsure timely and smooth on-boarding and monitoring of Global Banking and Real Assets third partiesEnsure timely and smooth closing and execution of Global Banking and Real Assets transactionsEnsure timely management of client document and dataEnsure timely performance of adequate 1st line credit monitoring, reporting and controlsEnsure that all relevant policies and procedures are consistently applied by CBG and the Middle-OfficePlay a pivotal role between Front-Office, Risk, Compliance, Back-Office, Treasury and FinanceDevelop the Middle-Office’s organisation and operations in line with Group and Branch strategyMain Tasks and ResponsibilitiesA. Head of Middle-OfficeManage a team of 11 people (including 3 direct reports), covering the Branch’s Middle-Office functionsAct as the Middle-Office’s main senior contact, ultimate decision-making authority and signatoryEnsure appropriate review and approval of all Middle-Office mattersRepresent the Branch’s Middle-Office in local and Group committee and working group meetingsContribute and present to the relevant committees, and opine on behalf of the Middle-OfficeMonitor changes to legislation, regulation, industry best practices and Group policies and proceduresEnsure that adequate operating procedures and 1st line controls are maintained and applied at all timeEnsure that Front-Office staff are promptly informed of, and apply the latest operating proceduresLead the Middle-Office’s ARIS mapping, BIA and RCSA reviewsMonitor the Middle-Office’s workload, and address identified skills and resource gapEnsure the periodic review of processes to identify streamlining and automation opportunitiesEnsure the Middle-Office’s contribution to all relevant projects and remediation processOversee the implementation and maintenance of Middle-Office systems and technology infrastructureB. ESG AnalysisOversee the Branch’s ESG analysis process at on-boarding and on-going monitoringEnsure that the latest ESG policies and procedures are appliedEnsure that ESG horizon scanning is performed on time, and that relevant publications are flaggedEnsure that required ESG-related gap analyses are performed in a timely mannerEnsure that the required implementation and remediation projects are achieved in a timely mannerFoster coordination with the Institut Mutualiste and CIC CIB ESG correspondentsCoordinate the development and implementation of ESG risk and performance assessment toolsCoordinate the development and rolling out of the Branch’s ESG training programmeC. Due Diligence, and document and data managementOversee the Branch’s on-boarding, and document and data management processesEnsure that the latest CDD, CTM and static data management policies and procedures are appliedEnsure that all client, transaction and credit static data are uploaded and updated in a timely mannerEnsure that all relevant external datasets are up-to-dateEnsure that the CRM and other applications or databases are adequately updatedEnsure that any delay or exception is formally explained and documentedReview Financial Crime related assessments and forms, and escalate where appropriateEnsure that an adequate audit trail is maintained for client and credit documentation at all timesEnsure that client, transaction and credit documentation is consistently labelled and classifiedCoordinate the development and implementation of Financial Crime risk assessment toolsD. Legal and TransactionsOversee the Branch’s facility documentation closing and execution processEnsure that the latest standards and procedures are appliedReview trade volumes, and anticipate and address potential bottlenecksEnsure that operational issues are flagged, justified and escalatedEnsure that relevant MIs (anticipated funding, headroom, etc.) are reported to the relevant stakeholdersCoordinate the development and implementation of Legal risk assessment and support toolsE. Monitoring, Reporting and ControlsOversee the Branch’s pipeline, CDD, ESG and credit reporting and 1st line controlsEnsure that Data Quality Controls are performed for all pipeline, CDD, ESG and credit related reportsDevelop and ensure timely production of relevant monitoring KPIs, KRIs and other MisEnsure timely preparation, validation and circulation of reports required by Head-OfficeEnsure that responses to ad hoc queries sent to CBG by Head-Office and addressed in a timely mannerProvide support to CBG and other Middle-Office teamsProvide administrative support as requiredContribute to regulatory reporting and audit assignments where requiredF. Risk and compliance cultureAdhere to the Group’s compliance related policies and procedures such as anti-bribery and corruption, anti-money laundering and combating the financing of terrorism (AML-CFT), conduct rules, conflict of interest, data protection, gifts and entertainment, market abuse, personal account dealing, safety and security, tax evasion, whistleblowing, etc.Partake in strengthening the branch’s risk and compliance culture (i.e., write and implement policies, design trainings, update Questions & Answers, etc.) in collaboration with the Senior Management and business units.PROFILE AND SKILLSETRelevant University Degree in Law and/or FinancePrevious management experience in a front-office or a middle-office functionComfortable working in a multicultural and diverse environmentComprehensive understanding of UK, French and EU financial regulatory and supervisory frameworkGood understanding of commercial bank loans, treasury products, and related standard documentation (e.g., LMA, LSTA, ISDA, etc.) and regulatory requirementsRole model for gravitas, professional behaviour, positive attitude and integrityGood organisational, interpersonal and communication skillsAbility to manage a variety of duties simultaneously and to prioritiseExcellent written and verbal communication skills in English and FrenchProficient in MS Office Suite (Word, PowerPoint and Excel)Please apply by email to humanresources@london.cic.fr - no agencies please. #J-18808-Ljbffr